Recently, the Management Committee of the Lingang New Area of the China (Shanghai) Pilot Free Trade Zone issued the "Implementation Plan for the Lingang New Area of the China (Shanghai) Pilot Free Trade Zone to Promote the Demonstration Application of New Energy Storage and Lead the Innovation and Development of the Industry".
The Plan points out that by 2025, new energy storage will effectively support the development needs of new power systems and integrated smart energy systems in the new area. The level of new energy storage technology in the new area continues to improve, the scale and strength of large backbone enterprises continue to grow, and the "one bay, one core, and multiple points" industrial development pattern is formed. The policy environment is basically sound, and the management system, market mechanism, and business model are basically mature. We strive to achieve an application scale of 50,000 kWh and an industrial scale of 50 billion yuan.
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